By law,a firm may call a new product "new" for only a stipulated period of time.Such regulations are established by the
A)Environmental Protection Agency (EPA).
B)Federal Trade Commission (FTC).
C)Consumer Product Safety Commission (CPSC).
D)Food and Drug Administration (FDA).
E)U)S.Department of Justice (DOJ).

Question

Quizplus · Accepted Answer

A firm can call its product "new" for only a limited time.Six months is the limit according to the Federal Trade Commission (FTC)-the federal government agency that polices antimonopoly laws.To be called new,says the FTC,a product must be entirely new or changed in a "functionally significant or substantial respect."

By Law,a Firm May Call a New Product "New" for Only